MMF Assets Rebound Strongly
The ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $22.09 billion to $2.697 trillion for the five-day period ending Monday, December 23, the Investment Company Institute reported today. Taxable government funds increased by $8.00 billion, taxable non-government funds increased by $13.92 billion, and tax-exempt funds increased by $170 million.... Assets of retail money market funds increased by $1.27 billion to $926.93 billion. Taxable government money market fund assets in the retail category increased by $140 million to $199.68 billion, taxable non-government money market fund assets increased by $310 million to $531.95 billion, and tax-exempt fund assets increased by $810 million to $195.30 billion.... Assets of institutional money market funds increased by $20.85 billion to $1.770 trillion. Among institutional funds, taxable government money market fund assets increased by $7.86 billion to $740.62 billion, taxable non-government money market fund assets increased by $13.61 billion to $954.94 billion, and tax-exempt fund assets decreased by $640 million to $74.80 billion." This rebound follows a decline of $34.3 billion last week, which in turn followed three consecutive weeks of inflows. Year-to-date, money fund assets have increased by approximately $32 billion, or 1.2%.
